Rinse the beef and slice it into thin strips. Prepare the vegetables by slicing the bell peppers into strips and dicing the onion.
Heat the oil in a large skillet or wok over medium heat. Add the red curry paste and stir for 1-2 minutes until fragrant.
Add the beef to the curry paste and stir-fry for 4-5 minutes, until lightly browned and no longer pink.
Pour in the coconut milk, then stir in the fish sauce. Bring to a simmer, then reduce the heat and cook on low for 10 minutes.
Add the bell peppers and snow peas, and cook for an additional 5-7 minutes, until the vegetables are tender-crisp.
Meanwhile, cook the jasmine rice: bring 600 ml of water to a boil, add the rice, reduce heat to low, cover and simmer until tender, about 15 minutes.
To serve, spoon the rice onto plates, top with the Thai red curry, and garnish with fresh basil leaves.
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